Rambus Teams with Google, Interac on Android Pay in Canada

SUNNYVALE, CA, June 5, 2017 – TodayRambusInc. (NASDAQ: RMBS) announced that it is working withGoogle and Interac Association / Acxsys Corporation, the organizations behindCanada’s leading payment brand, to enable Interac®Debit onAndroid Pay in Canada. Through the Interac Token Service Provider (TSP),which was developed in collaboration with Rambus, Interacdebit cardholders can make secure mobile debit payments, now using Android Pay,through tokenized transactions.

“We’re excited to bring the simplicity and security ofmobile payments to Interac Debit customers with Android Pay,” said PaliBhat, vice president of Payment Products, Google. “Starting today, people willbe able to use their Android device to pay at hundreds of thousands ofcontactless payment terminals in Canada.”

Beyond ease of use, Android Pay is more secure becauseit doesn’t share credit or debit card numbers with the merchant when consumerspay in stores, but uses a virtual account number to represent the card.Additionally, if the phone is ever lost or stolen, consumers can simply useGoogle’s Find My Device feature to instantly lock the device, secure it with anew password, or wipe it clean of their personal information.

“Interac Debit is one of the most popularpayment methods in Canada,” said Chakib Bouda, CTO of the Rambus PaymentsDivision. “Our collaboration on the TSP will allow millions of consumers toenjoy secure mobile payments using Android Pay in Canada.”

“We’re excited to bring Interac Debit onAndroid Pay to Canada,” said Debbie Gamble, VP, Digital Product and Platforms,Interac Association and Acxsys Corporation. “The launch of Android Pay isanother example of how we are working to accelerate the growth of digitalpayment experiences in Canada through secure, tokenized digital debit transactions.Such accomplishments are the result of innovative technologies and strongpartnerships, including our collaboration with Rambus.”